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China's dependency on imported natural gas is expected to surge almost 19 percent this year as the nation's battle against air pollution drives up demand for the clean-burning fuel. The nation's reliance on overseas gas exceeded 30 percent for the first time in 2013, according to a report released by CNPC Economics and Technology Research Institute.
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  • (Xinhua)2017-05-26 14:12

    NEW YORK - China's recent move to tighten the oversight of outbound investment helps promote healthier and more balanced investment in the United States, industry leaders have said. A latest report on investment relations between the United States and China showed while China's US investments in 201...

  • By Zhong Nan And Ren Xiaojin(China Daily)2017-05-26 07:30

    Move is part of effort to enhance energy security and secure available resourcesThe construction of the ultra-deep-water semisubmersible drilling rig Blue Whale 2, which can mine both combustible ice and oil, will be completed in the second half of this year, according to its manufacturer.China Yant...

  • By Song Jingyi(chinadaily.com.cn)2017-05-25 10:12

    CCG-AEI Round table on Sino-US Economic Relations is held in Beijing on May 18. [Photo provided to chinadaily.com.cn] Donald Trump's administration has hailed warming relations with China as details of a new trade deal between China and the United States were released following a meeting between th...

  • (Xinhua)2017-05-25 08:25

    Employees of a power supply company in Weining county, Guizhou province, check power transmission facilities. [Photo/Xinhua]BEIJING - China's mixed-ownership reform in centrally administered State-owned enterprises has made steady progress, the country's top economic planner said Wednesday. Two grou...

  • By Jing Shuiyu And Zheng Xin(China Daily)2017-05-25 07:38

    Workers at a China Petrochemical Corp facility at Puyang, Henan province. TONG JIANG / FOR CHINA DAILYSinopec storage center to help ease shortage of fuel during peak demandChina's largest natural gas storage and logistics center is expected to start operation in Henan province by the end of 2018, a...

  • By Lin Boqiang(China Daily)2017-05-24 07:33

    On May 18, the Ministry of Land and Resources announced that it had achieved success in drilling fire ice, or methane hydrate, from the seabed in the Shenhu area of the South China Sea. Methane hydrate is akin to methane gas trapped in ice-like crystals; it produces high amount energy when burned an...

  • (China Daily)2017-05-24 07:16

    Govt and policies Regulator: Insurance industry solvent China's insurance industry has kept its risks under control, with a sound solvency ratio, said the insurance regulator. The industry's comprehensive solvency adequacy ratio stood at 238 percent at the end of the first quarter, well above the 10...

  • By Zheng Xin(China Daily)2017-05-23 08:14

    A ship carrying one of Sinopec's modules for a project in Russia is about to leave a port in China. PROVIDED TO CHINA DAILYThe world's largest refiner, China Petroleum & Chemical Corp, also known as Sinopec, and Russia's Rosneft Oil said they will deepen cooperation to stengthen their joint venture ...

  • By Zheng Xin(China Daily)2017-05-23 07:40

    The market-oriented reform of the country's oil and gas sector will give the market a decisive role in the industry, allowing broader participation in a sector dominated by State-owned companies, analysts said. "The blueprint for the heavily monopolized energy sector won't have any serious impact on...

  • (Xinhua)2017-05-20 11:34

     [Photo provided to chinadaily.com.cn]Analysts from China and the United States participated in a seminar discussing Sino-US relations and bilateral trade in Beijing from ThursdayThe two-day seminar, "China-U.S. Future Trade Relations after Mar-a-Lago Summit", was jointly organized by the Center fo...

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